4th Aug 2026 10:08
(Alliance News) - Coca-Cola Europacific Partners PLC on Tuesday reported a rise in half-year earnings, and the soft drink bottler left its annual view unchanged.
The company, which operates in over 30 markets including Australia, Germany, Great Britain and Spain, said the consumer backdrop "remains challenging" and the hit from the Middle East conflict "uncertain".
Shares in Coca-Cola Europacific were down 4.1% to 7,730.00 pence each in London on Tuesday morning.
Pretax profit in the six months to July 3 rose 6.3% to EUR1.34 billion from EUR1.26 billion a year prior. Revenue rose 4.4% to EUR10.72 billion from EUR10.27 billion. Currency neutral revenue growth was 6.1%.
"We delivered a strong first half, with balanced revenue growth, continued share gains and disciplined cost and cash management. Our performance reflects the strength of our broad beverage portfolio, the consumer demand for value and the relevance of our innovation across faster-growing categories such as zero sugar, energy and hydration, supported by quality in-market execution and exciting activations including the FIFA World Cup," Chief Executive Officer Damian Gammell said.
"We are actively managing pricing, promotions, discretionary spend and efficiencies, alongside record investment, with a focus on AI, technology and our supply chain, to drive future growth. We are confident we have the right strategy, the execution discipline and the brand partnerships to deliver on our mid-term objectives and create continued value for shareholders."
CCEP upped its first half dividend by 3.8% to EUR0.82 per share from EUR0.79.
CCEP's revenue growth slowed in the second quarter, to 2.5% on a reported basis and 3.3% by the currency neutral measure. In the first quarter, reported revenue had risen by 6.7%, or 9.4% on a currency neutral basis.
For the full year, CCEP still expects revenue growth between 3% and 4% on a comparable and currency neutral basis, with operating profit growth of around 7%. Revenue totalled EUR20.90 billion in 2025, while operating profit was EUR2.79 billion.
In the first half, operating profit was EUR1.46 billion, up 6.9% on a year before, or up 8.1% on a comparable, currency neutral basis.
The CEO added: "While the consumer environment remains challenging, and the full impact of the ongoing situation in the Middle East remains uncertain, our first half performance demonstrates the resilience of our business and the strength of our growth model. We are reaffirming our full-year guidance and remain focused on our strategic priorities which include; expanding cooler coverage, winning more customers and accelerating growth in the Philippines and Indonesia."
By Eric Cunha, Alliance News news editor
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